Dear Mr Schofield

Re: Proposed local needs dwelling – Pown Street, Sheen

I refer to your recent kind instructions and would confirm that I have now had the opportunity of inspecting the site of the proposed local needs dwelling at Pown Street, Sheen. I have also had the opportunity of reviewing your plans in respect of the application dated September 2011 and numbered 1121-1-2-3-SL. These plans indicate a detached dwelling set within its own level plot lying to the south east of Hawthorn Cottage.

The proposed dwelling will extend to approximately 84.5 m² (909 ft² - measured internally) and will offer accommodation comprising at Ground Floor level – Entrance Hall, Breakfast Kitchen, separate Dining Room and Sitting Room. Off the Kitchen is an understairs Cloak Room. At First Floor level a Galleried Landing, two Double Bedrooms, Single Bedroom and Bathroom. There is ample room for off street parking and potential for garaging subject to the necessary consents.

I am assuming the property to be valued on the basis of the freehold being available with vacant possession and I am assuming that the local needs restriction will be limiting occupancy to residents of the local parish or adjoining parishes with the usual ten year residency or need to live clauses. In my opinion, if this property were to be offered for sale without restriction one would expect to market the property at around £225,000 with a realistic expectation of achieving £215,000. In my opinion one would apply a 40% discount to reflect the local need’s restriction which would then yield a sum of £129,000. However, in today’s market and with the uncertainty of finance and general lack of confidence and also reflecting that, although Sheen is an attractive village, to many buyers it is somewhat isolated, I would be of the view that this figure should be adjusted and would consider the sum of £120,000 to fairly represent the value in today’s market subject to the criteria you require.

I trust this letter is sufficient for your purposes and if I can be of further assistance please do not hesitate to contact me. In the meantime I enclose a note of my charges as agreed.

Yours sincerely

Adrian Fidler

www.fidler-taylor.co.uk

Enc

MATLOCK : Crown Square, Matlock, Derbyshire, DE4 3AT 01629 560228 matlock@fidler-taylor.co.uk ASHBOURNE : 11 Church Street, Ashbourne, Derbyshire, DE6 1AE 01335 346246 ashbourne@fidler-taylor.co.uk CHESTERFIELD : 43 Clarence Road, Chesterfield, S40 1LD 01246 209950 chesterfield@fidler-taylor.co.uk THE DERBYSHIRE SALEROOM : Bakewell

Partners : Adrian Fidler FRICS, John Taylor MRICS, Simon Croft FNAEA. Consultant : Clive Robbins FRICS.